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Planned crude oil pipelines

econbrowser.com
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The EIA last week released a nice summary of planned additional U.S. pipeline capacity.

The reversal of the Seaway Pipeline began last May to carry 150,000 b/d of crude oil from Cushing, Oklahoma to refineries near Houston. Last month the capacity was increased to 400,000 b/d, and a second pipe twinning the first is expected to bring the total capacity up to 850,000 b/d by 2014:Q1. At the same time, TransCanada expects the Gulf Coast portion of its Keystone Project to be completed by the end of this year with the capacity to transport an additional 700,000 b/d. Six other projects are planned or under construction that would bypass Cushing and could carry an additional 355,000 bbl/d from west Texas directly to the Gulf Coast by the end of this year, with 478,000 b/d added to that in 2014.

slicerette - "Yes, Michigan is benefitting from heavy Canadian crude being piped into the $2.2 Billion Expansion of Detroit Marathon Oil Refinery. Since opening the new addition, the size of a new refinery, the cheaper Canadian Crude is being refined into gasoline for Detroit. Since opening, the price of gas in Detroit is the lowest in the state."

So why do you want to increase the price of Canadian crude by making more of it available on the world market?

Yes, Michigan is benefitting from heavy Canadian crude being piped into the $2.2 Billion Expansion of Detroit Marathon Oil Refinery. Since opening the new addition, the size of a new refinery, the cheaper Canadian Crude is being refined into gasoline for Detroit. Since opening, the price of gas in Detroit is the lowest in the state.

If all that oil is to be exported, why would big oil continue to import heavy Venezuelan crude oil that costs more?

The highest ranking gov't official to claim Canadian crude will be exported is Socialist U.S. Senator Bernie Sanders (I-VT)

The way I see it, increased pipeline capacity only gives the producers a better means of getting oil to ports where it can and will be exported. If the Fed does not take control and force the reduction of exports all of this increased pipeline capacity will mean nothing to the American consumer.

These pipelines just bring more refined products to the world markets for trade, while adding more risk to our environment. They are doing absolutely nothing to reducing the prices we pay in America; they just make some more money. As the currencies in other countries become stronger than the U.S. Dollar, you can just expect to keep paying more.